MMG (01208.HK) recently announced that the total copper output (including copper content in copper cathode and copper concentrate) in 2022 stood at 305,053 mt, a year-on-year decrease of 10%. The decline is attributable to a broader impact of the community protests at Las Bambas mine.
![Inventory Fell Sharply, Suppliers Actively Held Prices Firm, and Spot Premiums Continued to Rise [SMM South China Spot Copper]](https://imgqn.smm.cn/usercenter/tXxfd20251217171713.jpg)
![Sluggish Market Transactions, Spot Premiums Stabilized [SMM North China Spot Copper]](https://imgqn.smm.cn/usercenter/pJSbE20251217171713.jpeg)

